Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: RonN who wrote (945)	1/13/1998 1:50:00 AM
From: Taylor Mill	Read Replies (1) of 1017

Ron N. Let's face it --- this was a "no news" press release. Nothing to get excited about and the market rightfully ignored it. "I can't believe the news that I've been waiting for on this stock for the last year is finally out and should be producing big gains in the pps but nstead it just sits and then lies down." Based on the location of the CWEI survey, I would have been shocked if they reported there were not "reef type" anomalies. Thus this release is insignificant --- a non-event. CWEI is down like all other E&P companies whether we like it or not. If you expected this release to impact market sentiment then you had unrealistic espectations IMO. TTG with a drill bit inferred and tested major discovery suggested to be 1 tcf has not been able to sustain any significant gain either. E&P is just out of favor. The whole sector lacks buy volume. Hang in there.

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